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WASHINGTON (Reuters) -Trade Representative Jamison Greer said on Sunday that the U.S. reached out to China for a phone call following an announcement that it was expanding its rare earths export controls but Beijing deferred, while China accused the U.S. of what it called "double standards." "I can tell you that we were not notified, and quickly, as soon as we found out from public sources, we reached out to the Chinese to have a phone call, and they deferred," Greer told Fox News' "Sunday Briefing," while calling China's move "a power grab." U.S. President Donald Trump responded on Friday to China's expansion by imposing 100% tariffs on China's U.S.-bound exports, along with new export controls on "any and all critical software" by November 1. "Highly respected President Xi just had a bad moment. He doesn’t want Depression for his country, and neither do I. The U.S.A. wants to help China, not hurt it," Trump wrote on Truth Social on Sunday. The Chinese embassy in Washington, D.C., did not immediately return a request for comment. China hit out at Trump's latest tariffs on Chinese goods, accusing the U.S. on Sunday of what it called "double standards." In a report by state broadcaster CCTV, the Chinese commerce ministry defended its curbs on exports of rare earth elements and equipment, but stopped short of imposing new levies on U.S. products. It said the restrictions are driven by concern over the military applications of these elements at a time of "frequent military conflicts." Beijing also pointed out the U.S. added Chinese companies to a trade blacklist and levied port fees on China-linked ships as examples. China and the U.S. have been embroiled in a trade war since Trump returned to the White House earlier this year. Global financial markets tumbled as Trump floated the possibility of canceling an upcoming meeting with Chinese President Xi Jinping. Greer said he believes that markets will calm in the coming week as things settle. He said a Trump-Xi meeting on the sidelines of the Asia-Pacific Economic Cooperation forum in South Korea could still happen later this month. (Reporting by Jasper Ward; Editing by Mark Porter and Aurora Ellis)

(The article has been published through a syndicated feed. Except for the headline, the content has been published verbatim. Liability lies with original publisher.)

WASHINGTON (Reuters) -Trade Representative Jamison Greer said on Sunday that the U.S. reached out to China for a phone call following an announcement that it was expanding its rare earths export controls but Beijing deferred, while China accused the U.S. of what it called "double standards." "I can tell you that we were not notified, and quickly, as soon as we found out from public sources, we reached out to the Chinese to have a phone call, and they deferred," Greer told Fox News' "Sunday Briefing," while calling China's move "a power grab." U.S. President Donald Trump responded on Friday to China's expansion by imposing 100% tariffs on China's U.S.-bound exports, along with new export controls on "any and all critical software" by November 1. "Highly respected President Xi just had a bad moment. He doesn’t want Depression for his country, and neither do I. The U.S.A. wants to help China, not hurt it," Trump wrote on Truth Social on Sunday. The Chinese embassy in Washington, D.C., did not immediately return a request for comment. China hit out at Trump's latest tariffs on Chinese goods, accusing the U.S. on Sunday of what it called "double standards." In a report by state broadcaster CCTV, the Chinese commerce ministry defended its curbs on exports of rare earth elements and equipment, but stopped short of imposing new levies on U.S. products. It said the restrictions are driven by concern over the military applications of these elements at a time of "frequent military conflicts." Beijing also pointed out the U.S. added Chinese companies to a trade blacklist and levied port fees on China-linked ships as examples. China and the U.S. have been embroiled in a trade war since Trump returned to the White House earlier this year. Global financial markets tumbled as Trump floated the possibility of canceling an upcoming meeting with Chinese President Xi Jinping. Greer said he believes that markets will calm in the coming week as things settle. He said a Trump-Xi meeting on the sidelines of the Asia-Pacific Economic Cooperation forum in South Korea could still happen later this month. (Reporting by Jasper Ward; Editing by Mark Porter and Aurora Ellis)

(The article has been published through a syndicated feed. Except for the headline, the content has been published verbatim. Liability lies with original publisher.)

(Reuters) -Three workers have died since Hyundai Motor started construction of its $7.6 billion auto plant in Georgia in 2022, the Wall Street Journal reported on Sunday, citing a review of federal records. Apart from the deaths, more than a dozen workers have suffered serious injuries, including from falling without wearing harnesses and getting crushed by forklifts, according to the WSJ. "We conducted a comprehensive audit and strengthened safety oversight across the site. We have enhanced contractor vetting, training, and accountability to ensure all partners meet Hyundai’s standards and legal requirements," a spokesperson for Hyundai Motor North America told Reuters in an emailed statement. Dozens of the company's current and former workers, many of them safety coordinators who helped oversee construction, told the newspaper in interviews that the work environment involved many inexperienced immigrant laborers, often lax safety standards and frequent accidents. The plant, which is operated through a joint venture between Hyundai and South Korea's LG Energy Solution, has been in the limelight since an immigration raid last month that detained hundreds of South Korean workers in the largest single-site enforcement operation in the U.S. Department of Homeland Security's history. The workers interviewed by the WSJ said Hyundai did not ensure that people were properly trained, and safety regulators did little to prevent worksite violations, the report added. "We acted immediately and comprehensively to prevent anything like this from happening again," Hyundai CEO Jose Munoz told the newspaper. "I traveled to Georgia to tell our team directly: Their safety comes before production schedules, before costs, before profits, before everything." Construction on the electric vehicle and battery plant, located in Bryan County about 30 miles west of Savannah, is ongoing. (Reporting by Angela Christy, Nilutpal Timsina and Preetika Parashuraman in Bengaluru; Editing by Mark Porter)

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By Alexander Hübner and Christoph Steitz MUNICH/FRANKFURT (Reuters) -Private equity firm Warburg Pincus is nearing a deal to buy German software maker PSI Software in a deal worth more than 700 million euros ($813 million), two people familiar with the matter said. The transaction would value PSI at 45 euros per share, the sources said, a premium of more than a third over Friday's closing price. A deal could be announced as soon as Monday, one of the people said, adding the deal had yet to be formalised and details could still change. PSI and Goldman Sachs, which is running the sales process, both declined to comment. Warburg Pincus was not immediately available for comment. PSI Software, which makes software for energy networks, last week confirmed it was in advanced discussions with Warburg Pincus, Thoma Bravo and HgCapital regarding the conclusion of an investment agreement and a potential takeover offer. German utility E.ON, which is a major customer as well as PSI's second-largest investor with almost 18% of its shares, intends to hold onto its stake, sources told Reuters last week. ($1 = 0.8607 euros) (Reporting by Alexander Huebner and Christoph Steitz; Editing by Ros Russell)

(The article has been published through a syndicated feed. Except for the headline, the content has been published verbatim. Liability lies with original publisher.)

MUNICH/FRANKFURT (Reuters) -Private equity firm Warburg Pincus is nearing a deal to buy German software maker PSI Software in a deal worth more than 700 million euros ($813 million), two people familiar with the matter said. The transaction would value PSI, a maker of software for energy networks, at 45 euros per share, the sources said, a premium of more than a third on Friday's closing price. The deal is not finalised yet and details could still change, the people said. PSI declined to comment. Warburg Pincus was not immediately available for comment. ($1 = 0.8607 euros) (Reporting by Alexander Huebner and Christoph Steitz; Editing by Ros Russell)

(The article has been published through a syndicated feed. Except for the headline, the content has been published verbatim. Liability lies with original publisher.)

By Selena Li HONG KONG (Reuters) -U.S. semiconductor manufacturer Qualcomm admitted that it had not informed Chinese authorities when it completed its acquisition of Israel's Autotalks in June, China's market regulator said on Sunday. The disclosure was made two days after China launched an antitrust investigation into Qualcomm, examining whether the U.S. firm violated China's antitrust law by not declaring some details of its acquisition of the Israeli chip designer. Qualcomm did not immediately respond to Reuters' request for comment.  China's State Administration for Market Regulation (SAMR) said it informed Qualcomm in March 2024 that the deal requires approval by the regulator, and the U.S. firm in the same month notified SAMR it wouldn't pursue further. However, Qualcomm in June this year completed the deal without informing the authority, the regulator said, adding Qualcomm "acknowledged above facts", based on which Beijing launched the antitrust probe. Qualcomm's shares fell more than 5% on Friday after U.S. President Donald Trump threatened to hike tariffs against China and cancel a planned meeting with President Xi Jinping. (Reporting by Selena Li)

(The article has been published through a syndicated feed. Except for the headline, the content has been published verbatim. Liability lies with original publisher.)